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The broker’s hiring to date has focused on the specialty segment. -
The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said.
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This publication revealed the move earlier this year.
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Willis Re kicked off its talent acquisition with mass hiring from Guy Carpenter over the summer.
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The hire follows the departure of David Martin to GIC Re Syndicate.
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The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
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The carrier has been exploring launching into P&C organically or via acquisition.
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Several airlines are understood to have come to market early.
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After losing in the High Court, insurers pin their hopes on the Court of Appeal.
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The aviation market may prove an outlier following a disastrous year of loss activity.
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Despite high profile losses, there’s ample capacity in marine and aviation, while PV has seen healthy profits.
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The pair were offered contracts by Willis Re in July.
